Consider the following statements regarding recently released Reserve Bank of India regarding Treatment of Wilful Defaulters and Large Defaulters Directions, 2023 :

1. The directions are applicable to all regulated entities including NABARD, SIDBI and EXIM Bank.

2. A wilful default borrower needs to be reviewed and finalised within six months of an account being classified as a non-performing asset (NPA).

3. Lender cannot proceed against guarantor without exhausting the remedies against principal debtor.

How many of the statements given above are correct?